Interra Realty has been exclusively engaged to market for sale 6254 N. Whipple Street. The 16-unit multifamily investment property located in the West Ridge neighborhood is comprised of (16) large 1Bdr/1Ba apartments--appx. 1,000 square feet. This represents the first time the building is being sold in 50+ years. The building is prime for a new owner to implement a value-add strategy and upgrade all of the building systems and units. Additionally, there are (4) garage spaces and (1) outdoor parking space that provide additional income.
A new owner can consider reconfiguring unit layouts in order to add a second bedroom given the large apartment size. Six (6)of the units are on month-to-month leases and the remaining 10 are vacant. New ownership can achieve 2Bdr/1Ba market rents by modernizing the building and units themselves. The building is well situated just one block south of the Devon Avenue Corridor and convenient public transportation for tenants is easily accessible via Devon and Kedzie bus routes.
- First Time On Market In Over 50+ Years
- Signifi cant Value-Add Opportunity
- Spacious 1Bdr/1Ba Apartments with Separate DiningRooms; Ability to Reconfigure and Add a SecondBedroom
- Dynamic West Ridge Location Near Devon Avenue